STR, Tourism Economics Downgrade 2024-2025 U.S. Hotel Forecast
NEW YORK—STR and Tourism Economics made significant downward adjustments to the 2024-2025 U.S. hotel forecast released at the 46th annual NYU International Hospitality Industry Investment Conference. The latest revision reflects lower-than-expected performance thus far in 2024 and lessened growth projections for the remainder of the year. For 2024, projected gains in average daily rate (ADR) and revenue per available room (RevPAR) were downgraded 1.0 percentage points and 2.1 percentage points, respectively. Occupancy for the year […]
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